To The Moon

The market rebound is gaining traction, but the recovery still needs confirmation.

$SPX is bouncing from a key technical level, while $IWM and $QQQ are approaching important tests that could determine whether bullish momentum continues into Tuesday.

Here are the levels to watch. 👇

🟢 $S&P 500(.SPX)$ | Bullish Above 7,673

The S&P 500 staged a constructive rebound from the lower Bollinger Band, opening the door for a modest continuation higher.

🎯 Tuesday’s key levels

• 7,673: Bullish trigger

• 7,706 → 7,735: Upside targets

• 7,643: Pullback level to watch

The setup favors buyers above 7,673, but expectations remain measured. This looks more like a modest rebound than a major breakout.

⚠️ $iShares Russell 2000 ETF(IWM)$ | 277.2 Must Hold

The Russell 2000 ETF formed a shooting star at its 20-day moving average, the trendline-like resistance that has helped drive the recent decline.

The broader structure is still constructive, but the next move hinges on 277.2 support. Holding this level would help preserve momentum, while a close above today’s high would weaken the bearish reversal signal.

🔑 Watch both sides of the setup: support at 277.2 and a potential breakout above today’s high.

🔵 $Invesco QQQ(QQQ)$ | 712 First, Then 718

The Nasdaq 100 ETF bounced from the lower Bollinger Band, but the recovery ran into resistance at the price gap.

Two hurdles remain:

• 712: Needs to flip from resistance to support.

• 718: A convincing break would signal stronger upside momentum.

Until QQQ reclaims these levels, the rebound remains unconfirmed. Failure to clear 712 could leave the index vulnerable to renewed selling pressure.

$SPX has a clear bullish trigger, $IWM needs to defend support, and $QQQ must overcome resistance.

The bounce is encouraging, but follow-through will determine whether buyers can regain control.